Foreign Net Selling Pressures IHSG to a Close in Late April, Three Bank Stocks Under Strain

JAKARTA - The Composite Stock Price Index (IHSG) closed April’s trading with sharp pressure. On Thursday (30/4/2026), the index plunged 144.42 points or 2.03% to the level of 6,956.804, in line with the intense selling action by foreign investors.

Based on data from the Indonesia Stock Exchange (BEI), foreign investors recorded net selling or net sell of Rp1.49 trillion across the entire market. In the regular market, net sell even reached Rp1.65 trillion, while in the cash and negotiation markets, there was a net buy of Rp166.03 billion.

The largest foreign selling action occurred on large-cap banking stocks. PT Bank Central Asia Tbk (BBCA) recorded the largest net sell of Rp691 billion, followed by PT Bank Rakyat Indonesia Tbk (BBRI) at Rp598.3 billion, and PT Bank Mandiri Tbk (BMRI) at Rp191.9 billion.

BBRI shares weakened more deeply by 2.61% to the Rp2,990 area. The share movement showed a downward trend since the early session, with pressure continuing until it briefly touched the lowest at Rp2,980 before attempting a limited rebound.

Meanwhile, BMRI was relatively more contained with a decline of 0.90% to the level of Rp4,390. This stock moved fluctuantly in the range of Rp4,380-Rp4,430, but was unable to maintain the strengthening at the end of the session.

In aggregate, the IHSG moved in the red zone from the start. The index opened at 7,103.26, briefly touching the high of 7,109.00, but dominant selling pressure pushed the IHSG down to touch the low area of 6,876.58, before finally closing slightly higher.

From the trading activity side, the transaction volume reached 48.19 billion shares with a transaction value of Rp21.88 trillion and a trading frequency of 2.66 million times.

Selling pressure was evident quite evenly, reflected by 576 stocks that weakened, far more than the 133 stocks that strengthened, while 105 stocks were stagnant.